American Eagle news and archive

American Eagle subsidiary Quiet Platforms announces partnership with JLL

Quiet Platforms, a wholly owned American Eagle Outfitters Inc. subsidiary, has announced its partnership with the real estate company Jones Lang LaSalle Incorporated (JLL). In December 2022, the companies announced their cooperation for the new year to accelerate the opening of new fulfilment centres in the US to serve brands in the supply chain...

Retail

American Eagle and Aerie Carnaby store openings fall through

The highly anticipated UK store debuts for American Eagle and Aerie have been scrapped after the brands’ licensee company AEO EU descended into liquidation in January. The US fashion brands were set to open their first stores in the country at London’s Carnaby location in December. However, the brands’ owner American Eagle decided to terminate...

Business

American Eagle defers Q1 dividend payment, furloughs employees

American Eagle Outfitters, Inc. has announced that in response to ongoing store closures due to COVID-19, the company is taking a series of actions to preserve financial strength including a suspension of its share repurchase program and deferred payment of the first quarter cash dividend; temporary furloughs of store, field and corporate...

Business|ANALISYS

Market favors American Eagle’s pledge to become carbonneutral by 2030

New York – U.S. retailer American Eagle Outfitters Inc (AEO) has unveiled its new sustainability goals which include becoming carbon neutral by 2030. The announcement has added to Wall Street’s positive outlook for the retailer’s stock. American Eagle explained in a corporate release on Monday that this pledge covers all of its owned and...

Retail

American Eagle enters licensing deal with Aditya Birla for India stores

American Eagle has entered a multi-year licensing deal with Aditya Birla Group to open licensed stores in India. The first stores will come up in Mumbai and Delhi in spring 2018. The Indian assortment will include the AE Jeans collection and pieces celebrating casual American style. Andrew McLean, American Eagle's EVP-Global Commercial...

BusinessFeatured

American Eagle acquires Todd Snyder for 11 million dollars

New york - When you think of American Eagle, you don't exactly think of a contemporary men's wear label with pieces that usually cost a few hundred dollars. That's a thought you'd have when you think of Todd Snyder, who was bought for 11 million dollars in cash and stock by American Eagle in a deal that was announced this morning by WWD. Todd...

Apparel

American Eagle Q1 EPS soars 43 per cent

With an increase of 43 per cent, American Eagle Outfitters as expected reported its first quarterly financial status of EPS as $0.20 compared to $0.14 last year. The company’s net sales grew by 18 per cent to $719 million, compared to $610 million last year. Adjusted earnings for the quarter were $0.22 per diluted share, which excludes the...

Apparel

American Eagle Q1 net sales jumped to 18%

American Eagle Outfitters’ net sales for the first quarter increased 18% to $719 million (Rs 3,799 crores) compared to $610 million (Rs 3,223 crores) last year. Comparable store sales increased 17%, including sales from AEO direct. The Pittsburgh company announced that based on stronger than expected sales and less promotional activity it is...